Crypto News Roundup: iDEGEN Presale, Cloud Mining, Zoom Scams, Do Kwon, and IRS DeFi Rules
December 28, 2024 – The cryptocurrency world continues to be a dynamic space, with new projects, emerging challenges, and regulatory developments shaping the landscape. This roundup covers key news from the past few hours, including a successful presale, a new cloud mining service, a phishing scam alert, the Do Kwon extradition, and upcoming IRS regulations for DeFi brokers.
iDEGEN Raises $10 Million in Presale
iDEGEN has raised nearly $10 million in its pre-market auction, a significant milestone for this new project. The presale concludes three days before $IDGN is listed on exchanges, suggesting strong investor interest in the token. iDEGEN aims to disrupt the existing cryptocurrency market, potentially changing how investors view future projects.
BCHMiner Offers Free Cloud Mining
BCHMiner is offering free cloud mining services, enabling users to potentially generate passive income. The service leverages renewable energy sources like solar and wind to reduce energy consumption and integrate surplus electricity into the grid. This approach promises a sustainable and environmentally conscious mining model.
Investors Beware: Hackers Use Zoom Meeting Scam
A new sophisticated phishing scam targets unsuspecting crypto users. The scheme leverages fake Zoom meeting links to trick investors into downloading malicious software, potentially stealing their valuable assets. Users should exercise extreme caution when receiving unexpected Zoom invitations, especially from unknown senders.
Do Kwon’s Extradition to U.S. Approved
The Justice Minister of Montenegro has approved the extradition of Terraform Labs founder Do Kwon to the United States. This decision follows the collapse of Terra and LUNA, and Do Kwon now faces legal and financial scrutiny. This move potentially marks a significant development in the Terra case.
IRS Mandates Reporting for DeFi Brokers
The IRS has finalized regulations requiring decentralized finance (DeFi) brokers to report gross proceeds from digital asset transactions. Effective in 2027, this new rule will require DeFi platforms operating as front-end service providers to comply with reporting requirements. This development could significantly impact how DeFi platforms operate and interact with regulatory authorities.
